Travel high: Foreign spends at 13-month peak
MUMBAI: Money sent overseas under RBI’s liberalised remittance scheme rose to a 13-month high of nearly $2.8 billion in Sept, driven by travel spending. The outflow was nearly 1% more than the $2.76 billion recorded a year earlier and 5% above the $2.6 billion in August. Under the scheme, resident individuals can freely remit up…
